FelCor Announces Sale of Holiday Inn Nashville
01 Setembro 2016 - 4:57PM
Business Wire
FelCor Lodging Trust Incorporated (NYSE: FCH) today announced
that it has sold the 383-room Holiday Inn Nashville Airport to an
affiliate of Memphis-based Fairwood Capital, LLC for gross proceeds
of $31.6 million. FelCor will use the proceeds to repay borrowings
under its line of credit.
The Company remains committed to using asset sales proceeds to
strengthen its balance sheet, repurchase stock and fund high-ROI
redevelopment projects.
About FelCor
FelCor, a real estate investment trust, owns a diversified
portfolio of primarily upper-upscale and luxury hotels that are
located in major and resort markets throughout the U.S. FelCor
partners with leading hotel companies to operate its hotels, which
are flagged under globally renowned names and premier independent
hotels. Additional information can be found on the Company’s
website at www.felcor.com.
With the exception of historical information, the matters
discussed in this news release include “forward-looking statements”
within the meaning of the federal securities laws that are
qualified by cautionary statements herein and in FelCor’s filings
with the Securities and Exchange Commission. We undertake no
obligation to update any forward-looking statement to conform the
statement to actual results or changes in our expectations.
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version on businesswire.com: http://www.businesswire.com/news/home/20160901006448/en/
FelCor Lodging Trust IncorporatedStephen A. Schafer,
972-444-4912Senior Vice Presidentsschafer@felcor.com
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